Importance of Business Economics MCQs

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Who would be the most likely to say the next argument? "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our...






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Who would be the most likely to say the next argument? "The history of all hitherto existing society is the history of class struggles. Freeman and...






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According to Karl Marx, the bourgeoisie, or the capitalist class is :






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According to Thorstein Veblen, leisure class, or the capitalist class is :






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Which of the following will describe the Marxist view on the value of labor?






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Which of the following will NOT explain Joseph Schumpeter?






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Which of the following will NOT describe Bullionism?






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Which of the following will be LESS related to the industrial revolution?






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Which of the following will NOT describe Fordism?






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Which of the following pair will represent relevance?






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Which of the following will NOT be correct?






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Which of the following will be true about GDP and GNI?






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A fabric maker sells the fabric to a tailor for €10. The tailor uses the fabric to make clothes, which is sold for € 30. What is the total contrib...






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An American buys a pair of shoes made in Italy. How do the U.S. national income accounts treat the transaction?






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A French works in the UK. How do the France national income accounts treat this transaction?






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Economic growth is defined as






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Economic growth can be explained as following. EXCEPT for:






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In the short run, an increase in government expenditure on goods and services ________ real GDP and ________ the price level.






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The idea that economic downturns result from an inadequate aggregate demand for goods and services is derived from the work of which economist?






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An increase in the aggregate demand for goods and services has a larger impact on output _______ and a larger impact on the price level ________.






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Which of the following will NOT be true regarding the economic cycle?






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When the economy goes into a recession, real GDP ________ and unemployment ________.






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If the government wants to contract (begrænse)aggregate demand, it can ________ government purchases or ________ taxes.






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Which of the following will NOT be related to the Effective Demand?